Innovator Growth Correlations

Etfs . USA . 
Etf . Innovator Growth Accelerated
QTJL Etf  USD 33.03  0.10  0.30%   
The current 90-days correlation between Innovator Growth Acc and Innovator Growth 100 Accelerated is 0.95 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Innovator Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovator Growth Accelerated moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Innovator Growth Correlation With Market

Poor diversification

The correlation between Innovator Growth Accelerated and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator Growth Accelerated and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Innovator Growth Accelerated. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Innovator Etf

  0.99BUFR First Trust CboePairCorr
  0.98BUFD FT Cboe VestPairCorr
  0.99PSEP Innovator SP 500PairCorr
  0.97PJAN Innovator SP 500PairCorr
  0.96PJUL Innovator SP 500PairCorr
  0.96PAUG Innovator Equity PowerPairCorr
  0.93DNOV FT Cboe VestPairCorr
  0.99PMAY Innovator SP 500PairCorr
  0.99PJUN Innovator SP 500PairCorr
  0.69NVDL GraniteShares 15x LongPairCorr
  0.69NVDX T Rex 2XPairCorr
  0.7NVDU Direxion Daily NVDAPairCorr
  0.97FNGU MicroSectors FANG IndexPairCorr
  0.97WEBL Direxion Daily DowPairCorr
  0.64FBL GraniteShares 15x LongPairCorr
  0.9BITX Volatility Shares TrustPairCorr
  0.85DIS Walt DisneyPairCorr
  0.91JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.67TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.73AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.92AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.84T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.61CAT Caterpillar Sell-off TrendPairCorr
  0.73HD Home DepotPairCorr
  0.82CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.91BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr

Moving against Innovator Etf

  0.36WTID UBS ETRACSPairCorr
  0.34INOV Innovator ETFs TrustPairCorr
  0.85KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.4GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.39VZ Verizon Communications Fiscal Year End 28th of January 2025 PairCorr
  0.31DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Innovator Growth Constituents Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator Growth ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Innovator Growth's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY